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Privatization is the process by which public services, such as utilities and transportation, are transferred from public to private ownership and control. It is a controversial political issue and has been the subject of much debate in recent years. In this section, you will find news, articles, and videos about privatisation, its advantages and disadvantages, and its effects on different sectors.
The African National Congress no longer regards privatisation as a “swear word” and has accepted that “bringing private sector money on board is not selling your soul”, said South Africa’s deputy president Paul Mashatile. In an interview with the Financial Times at the end of a week-long investor roadshow to Britain and Ireland, Mashatile said […]
In a recent discussion, Union Finance Minister Nirmala Sitharaman emphasised that no sector is off-limits for private business in India. Highlighting reforms under Prime Minister Modi, she stated that privatisation and ease of doing business have been prioritized to eliminate red tape and corruption.
The Air India Group completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey. Get more Aviation News and Business News on Zee Business.
Pakistan International Airlines (PIA) may be sold to a foreign government after the Privatisation Commission rejected a Rs10 billion bid from the Blue World Consortium. The airline is now likely to be sold under a government-to-government agreement, with Qatar or Abu Dhabi considered potential buyers.